Frazier Financial Advisors LLC Acquires 3,681 Shares of Worthington Enterprises, Inc. $WOR

Frazier Financial Advisors LLC grew its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 37.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,568 shares of the industrial products company’s stock after purchasing an additional 3,681 shares during the quarter. Worthington Enterprises makes up 0.6% of Frazier Financial Advisors LLC’s investment portfolio, making the stock its 20th largest position. Frazier Financial Advisors LLC’s holdings in Worthington Enterprises were worth $863,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new stake in Worthington Enterprises in the first quarter worth approximately $256,000. GAMMA Investing LLC grew its position in Worthington Enterprises by 77.2% in the first quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 716 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Worthington Enterprises by 44.4% in the first quarter. Y Intercept Hong Kong Ltd now owns 8,794 shares of the industrial products company’s stock worth $440,000 after acquiring an additional 2,704 shares in the last quarter. Mutual of America Capital Management LLC bought a new stake in Worthington Enterprises in the first quarter worth approximately $226,000. Finally, Nuveen LLC bought a new stake in shares of Worthington Enterprises during the 1st quarter worth $4,082,000. 51.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on WOR shares. Canaccord Genuity Group decreased their price objective on shares of Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, September 25th. The Goldman Sachs Group upped their price objective on shares of Worthington Enterprises from $44.00 to $50.00 and gave the stock a “sell” rating in a report on Thursday, June 26th. Wall Street Zen downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Worthington Enterprises has an average rating of “Moderate Buy” and a consensus target price of $62.33.

Worthington Enterprises Price Performance

Shares of Worthington Enterprises stock opened at $55.60 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.30 and a quick ratio of 2.24. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $70.91. The firm has a fifty day moving average price of $61.74 and a two-hundred day moving average price of $58.78. The company has a market cap of $2.76 billion, a PE ratio of 26.10 and a beta of 1.17.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Wednesday, December 28th. The industrial products company reported $2.12 earnings per share for the quarter. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. The firm had revenue of $1.23 billion during the quarter. Analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. Worthington Enterprises’s dividend payout ratio (DPR) is 35.68%.

Insider Activity

In other news, Director Michael J. Endres bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $52.95 per share, for a total transaction of $529,500.00. Following the transaction, the director directly owned 95,524 shares of the company’s stock, valued at $5,057,995.80. This trade represents a 11.69% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.40% of the stock is owned by company insiders.

About Worthington Enterprises

Worthington Enterprises, Inc operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors.